The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
Increasing demand for greenhouse films expected to drive the HALS market in the midterm
The global Hindered Amine Light Stabilizers (HALS) market is projected to reach USD 1.15 billion by 2022, at a CAGR of 7.1% from 2017 to 2022. China is the largest consumer of HALS globally due to the increasing manufacturing and industrial activities across the country. The growing demand from the packaging and automotive industries due to the rapid urbanization and increasing population in China and other countries across the Asia Pacific region is driving the HALS market. HALS are majorly used in the packaging, construction, and automotive industries which are growing majorly in the Asia Pacific region due to the increasing population and changing lifestyles. The market is restrained due to high fluctuations in raw material prices as well as the high production cost of HALS.
Packaging, the largest growing end-use industry in the HALS market
HALS are capable of protecting the packaging and its contents from discoloration, the damaging effects of UV radiation, providing superior quality, low volatility, and higher durability to packaging materials such as bottles, caps & closures, containers & drums, and films, among others. The key drivers in the growth of the market for HALS in this segment are the increasing disposable incomes, changing consumer lifestyles, increased use of plastics, and growing pharmaceutical, and food & beverage industries in countries such as China, India, Japan, the US, and Germany, among others.
Asia Pacific, the largest and fastest-growing market for HALS
The Asia Pacific region is the largest market for HALS globally. There is high potential for HALS in the Asia Pacific market due to high growth in the Chinese economy and rapid industrialization. China is the key consumer of HALS in the Asia Pacific region as well as globally. Further, the global shift in production capacity from the developed markets to the emerging markets is a major factor leading to the growth of HALS in this region.
This study was validated through primary interviews conducted with various industry experts globally. These primary sources were divided by company, designation, and region.
- By Company Type: Tier 1 - 45%, Tier 2 - 22% and Tier 3 - 33%
- By Designation: C Level - 50%, Director Level - 10%, Others - 40%
- By Region: Europe - 37%, Middle East & Africa - 27%, North America - 18%, Asia-Pacific - 18%
The report also includes company profiles and competitive strategies adopted by major market players such as BASF SE (Germany), Clariant AG (Switzerland), Cytec Solvay Group (Belgium), ADEKA CORPORATION (Japan), Addivant (US), Chitec Technology Co. Ltd. (Taiwan), SONGWON Industrial Co., Ltd. (Korea), Valtris Specialty Chemicals (US), and Double Bond Chemical Ind. Co. Ltd. (Taiwan), among others.
The report covers the HALS market and aims at estimating the market size and future growth potential of this market across different segments such as application, and region. Furthermore, the report also includes an in-depth competitive analysis of key market players, along with their company profiles, DIVE, recent developments, and key market strategies. The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenues in the HALS market.
Reasons To buy this report:
From an insight perspective, this research report has focused on various levels of analyses ? industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the HALS market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on HALS offered by the top players in the HALS market
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the HALS market
- Market Development: Comprehensive information about lucrative markets – the report analyzes the markets for HALS across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the HALS market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the HALS market